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How I identify the best forex pairs to trade:Here is how I identify the best forex pairs to trade: In the top left panel, the indicator 'Compare Forex' displays the PERFORMANCE of each major currency. The USD (red line) has been the strongest currency for the past 2 months on H6 charts. By identifying the strongest currency, all that remains is to trade the USD against all the other currencies since they are weaker. = Smooth stress-free charts. I look at my trades 2-3 times a day to see if they are still blue or red. Takes a few minutes.
Editors' picks
Education
by ascension
13
Indicator Paper Trade Battle! Noro's Triple RSI vs. Project XIndicator Paper Trade Battle: Noro's Triple RSI Vs. Project X 📈💥 In this exciting video, we’re putting two powerful trading indicators head-to-head in a paper trade battle: Noro's Triple RSI vs. Project X. Watch as we analyze and compare their performance to determine which one comes out on top! We’ll cover: -Detailed breakdown of Noro's Triple RSI and Project X indicators -Step-by-step analysis of paper trades using each indicator -Real-time comparisons and insights on their effectiveness -Key takeaways to help you decide which indicator to incorporate into your trading strategy Join me for this thrilling showdown and see which indicator proves to be the best for capturing profitable trades. Don't forget to like, comment, and subscribe for more trading battles and expert analysis. Let's find the ultimate indicator together! 🚀📊 And remember to hit the Boost Button on this video to support our Trading View community!
by TruthakaWallStreetakaCookie
GBPNZD 111 PIP GAIN!!! KLS GBPNZD provided a beautiful trade set up using our KLS tool. The Key Level system indicator provides us with two key levels multiple times throughout the trading week. Once higher timeframe aligns and parameters are met, then two key levels will appear on your chart automatically. We achieved a nice 2:1 trade set up with GN for a nice 111 pips profit. 1st key level 2.04203. Blue Line 2nd key level 2.03747. Red Line How to determine directional bias? with the KLS you cut your analysis and chartime in HALF. Directional bias is determined by key level placement order. Blue Key level (KL) above Red KL = Bullish sentiment. Look to take longs only Red Key Level (KL) above Blue KL = Bearish sentiment. Look to take shorts only
Long
by Elev8FX
GODREJCP Long Buy Idea🏆GOFREJCP new buying opportunity in daily TF.🔥 Stock supertrend beakout . & traded near automated trendline support area. same big trend is bullish & after short selling one buying movement start in this stock. Daily RSI level is Above 60 & lower timeframe RSI level above 60 bullish🟢. same time Weekly & monthly RSI is near 53.so one chance to upside movement. so if stock again touch near 865 level buy it small & Stoploss is near 845 & target is 🎯957 watchout stock chart for better understand technical analysis.
NSE:GODREJCPLong
by sniperbull4my
👑 THE UNCROWNED BEST INDICATORS PT.1That's the Part.1 of my collection of Uncrowned best indicators for trading. I choose to call this post " uncrowned " because these indicators are firstly free resources and second well utilized and combined are much better than most of the paid indicators. Often the best indicators are forgotten just because seem too basic or have no marketing behind them. I can assure you, the top perform algorithm traders at least use for sure one of these 5 indicators. ( or more.. ) Making a great algorithm requires time to find the right combination of indicators and patience in backtesting. If you don't know some of these indicators, I suggest you have a look, you can find them for free here in Tradingview. N.1 AROON The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend. The Aroon indicator was developed by Tushar Chande in 1995. Here is an Idea of how to use it, very basic. You can combine this indicator with your own favorite ones to create your best strategy. Check the settings to find the right setup. N.2 STOCH RSI I personally love The Stochastic RSI. This indicator as the normal stochastic shows ranges between zero and 100 and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The StochRSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change. The StochRSI was developed by Tushar S. Chande and Stanley Kroll and detailed in their book "The New Technical Trader," first published in 1994. While technical indicators already existed to show overbought and oversold levels, the two developed StochRSI to improve sensitivity and generate a greater number of signals than traditional indicators could do. The StochRSI deems something to be oversold when the value drops below 20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of the underlying security may be nearing a low a possible move higher. Conversely, a reading above 80 suggests the RSI may be reaching extreme highs and could be used to signal a pullback in the underlying security. Along with identifying overbought/oversold conditions, the StochRSI can be used to identify short-term trends by looking at it in the context of an oscillator with a centerline at 50. When the StochRSI is above 50, the security may be seen as trending higher, and vice versa when it's below 50. The StochRSI should also be used in conjunction with other technical indicators or chart patterns to maximize effectiveness, especially given the high number of signals that it generates. N.3 ATR Average True Range I think the ATR is the base of any algorithm or at least every algorithm trader has at least one setup with this indicator to calculate the Stop loss or the Take profit or both together. The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period. The ATR may be used by market technicians to enter and exit trades and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data. The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made. N.4 The Bullish and Bearish Engulfing Well, this indicator, free by tradingview show exactly the presence of Bullish and Bearish reversal made from Engulfing pattern. It can be a great confirmation indicator for your strategy if used together with other indicators inside your algorithm. N.5 WAE - Waddah Attar Explosion Last but not least, an incredible free indicator. Great for confirmation entry as well as Volume and trend direction. Trading volume can help an investor identify the momentum of a currency pair and confirm a trend. If trading volume increases, prices generally move in the same direction and can provide a heads-up if volume diminishes. Once volume begins to diminish and the fuel for the trend starts to dry up, a reversal or ranging market may be on the horizon. This particular volume indicator has only three components to interpret, visually straightforward, easy to understand, and user-friendly. I hope at least one of these Five uncrowned indicators will become part of your arsenal. Please, support my work with likes and comments!
Education
by FOREXN1
12
The BEST Trading IndicatorWith the ever increasing number of indicators, it makes sense that beginner traders’ wish to cut the steep learning curve by trying to find which indicator is the best and the most profitable to choose from. It’s overwhelming to start trading with so many jargon terms like, the MACD, RSI, Stochastics, ADX, Bollinger Bands and so on… Luckily, you won’t ever have to worry about any of these indicators. Here’s why… The quest to find the perfect trading indicator There is a big misconception when it comes to learning how to trade. Most new people start by going onto Google to search for the ‘best trading strategy’ or the ‘best trading indicator’ to speed up their success. Everybody wants to find that perfect trading indicator that will help them profit 80% to 100% of the time. Yet, at most, there are only 5% of traders’ out there who are able to make a consistent income with trading. I have two main reasons on this matter, which I’ve gathered since 2003. Reason 1: All indicators are history With local and international markets such as the stock market, Forex and even with crypto-currencies, there are billions of rands traded every day. With the ongoing economic, socio and political events taking place, every transaction from either a company, private individual or even a bot is entirely unique and UNEXPECTED. So which indicator is the best to choose from? Well before you go and do research on each indicator there is to trade with, let me spare you the time and tell you this… Every technical indicator and oscillator out there, is based on one thing. HISTORICAL DATA. When you add an indicator onto a chart, it can only show one of three things which are either the: Current momentum. Current trend direction or the. Demand and supply based on buying and selling volume. Not one indicator has any form of predictive qualities. Even with the dawn of Artificial Intelligence and Quantum Computing, there will most likely never be that one indicator that will be able to predict the future with accuracy and certainty every time. However, let’s say there is that one Quantum Computer that is able to take every news event, internal and external factor into account. The information assembled and collected, will still be based on past data. By now you may be feeling like your life has been a lie with all the marketing fluff out there with the 100% win-rate and get rich quick scams, but I assure you there is one legit way to succeed from trading. Reason 2: Each element is essential It doesn’t take just one trading strategy to bank a consistent income. It doesn’t take just a few rules to follow and, It doesn’t take a whole lot of money to fund your account to make it as a trader. No, in actual fact it takes four equally important elements namely: MARKETS: You need to find the best markets that are out there to trade and when to trade them. METHOD: You need to create or adopt a proven trading strategy that will fit your personality. (Price action with a few patterns is all that's needed to spot probability trades). MONEY: You need to have just a couple of money management rules, to follow every time you take a trade. MIND: You need to find a way to develop trading self-confidence as well as a strong mindset throughout your career. This is where so many different trading companies, publications and even education institutions seem to miss the mark. They either specialise ONLY in psychology, trading analysis or just on money management. Unfortunately, this is one hobby or lifestyle where being an expert in ONE field will not guarantee your success.
JSE:J200Education
by Timonrosso
2
ETH Breaks Through Resistance! What's Next?In this post I'm going to cover important support/resistance levels on Ethereum and where I think we're going from here. As you can see from our last post, ETH rejected perfectly off of the 1229 level and hit our support of 1150 to the tee on Nov 28th! Since then, it's been on a steady uptrend and recently broke that 1229 level and exploded to 1300! The next big resistance I'm looking at is 1367. This was the previous resistance for most of Oct and I can see us rejecting there at least once. Right now we can see the Wave Fusion indicator flashed two Blood Moons which took us from 1315 to 1280. Right now I'm looking at 1274 as being the micro support on the hourly as it also coincides with the trendline support. If that breaks, I'm looking at 1229 to act as our new MAJOR support as it was resistance 3 times in the past week. If we end up breaking that, then I'm afraid we could go all the way down to 1150 again. I'm waiting for a buy signal on Wave Fusion before pulling the trigger but closely watching the three support levels mentioned above. If you have any questions on my technical analysis or indicators used, please leave a comment below or send me a PM :) Thanks for reading!
Long
by CryptoScripts
4
Called the ETH Short! What's the Next Target?Using our latest indicator "Wave Fusion" combined with support/resistance lines enabled us to call the ETH short and catch the recent drop! On the ETH 1hr chart, you can see I've drawn various support/resistance levels combined with my Wave Fusion indicator below. In the past, this indicator has show to be very accurate with calls (rocket symbol the long from 1172 to 1229) and the red shaded area called the short (from 1229 to the current level of 1167). By combining the resistance level of 1229 and the short indication we received, we were able to accurately take a short position with our stop just above the recent high. Right now I'm looking at 1150 as being the next micro support (based off that level holding on the 23rd) and 1098 being the major support (as it's held multiple times in the past). I'll be looking for Wave Fusion to post a buy signal (green shaded area, green diamond, rocket, or moon) as ETH gets close to either support level. If we have that, we can be more confident in our trade until we reach that 1229 resistance. If you have any questions on the indicators mentioned here, or how to use support/resistance lines, please comment below, send me a DM, or check any of my links next to my profile picture. I also released a video on how to use the Wave Fusion indicator on my YT. Thanks for reading!
Short
by CryptoScripts
4
We Called The ETH Pump!Our RSVP Extractor and Wave Strength Oscillator called these pumps perfectly! We also had a 3D ETH bullish divergence that we posted about a couple weeks ago which played out to a tee! Now I've broken down a Daily ETH chart to share my thoughts on some big support/resistance points to look out for! 1. We have a Daily trend line (red) that has been resistance since Nov 10, 2021 and coincides with the 2325 level 2. There's also major resistance at the 2125 level which coincides with the Daily 200 EMA (teal line) and the horizontal resistance from May this year (pink line) 3. The RSVP Extractor is starting to get overbought so keep watching that for any sell indications (along with the Wave Strength Oscillator) Since both indicators don't have any strong sell signals yet, I'm expecting a continued push up until the merge to the 2300ish level. If we do pullback from here, there's some good support at 1930 and 1730 respectively. Please make sure to only trade with what you can afford to lose. This market is extremely volatile and you never want to be caught on the wrong side. If you have any questions about my TA or the indicators used, please leave a comment below or send me a DM. All of my links are next to my profile pic :)
Long
by CryptoScripts
2
Called The Top on ETH! In this post I'm going cover the TA and indicators I used to call the short on Ethereum! The current indicators I'm using on the 4h chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and RSVP Extractor (mine). Looking at our major support/resistance levels, we can see there is Daily resistance on ETH at 2160, as well as Weekly resistance at 1884 and Weekly support at 1397. The first major short opportunity I saw was the Red Diamond indication on my RSVP Extractor (outlined by the first vertical blue line). I saw we were below the 200 EMA so I was only going to look for shorting opportunities and it played out perfectly (shorting ETH at 1980). Next I received another Red Diamond on June 6th and shorted again at 1900. Finally, there were two more shorting opportunities which came with the combination of the Whales buy-sell indicator "Sell" signal and the VMC "red dot" combined, which I love to use together. That was outlined by the green circles I drew. This also coincided with the trend line resistance I drew as well (teal diagonal line). The next major support I'm looking at is 1397 on ETH. We may or may not get there but that will be your best R/R position for a long. There's currently an oversold "Moon" signal on the RSVP Extractor so we could have short-term relief but I'm not holding my breath. If you have any questions about the indicators I use or my technical analysis, please comment below or send me a message! Thanks for reading :)
Short
by CryptoScripts
NEARUSDT BINANCE#NearUSDT Binance Introduction NEAR is eliminating the barriers to Web 3 adoption. With high speeds, low fees, and progressive UX, NEAR’s climate-neutral blockchain is ready for explosive growth. NEAR runs in concert with Ethereum, Polkadot, Cosmos, and more, allowing for the free flow of assets and communication between networks for the betterment of all. #My_Analysis Near has just found another support on 13-12 zone and it's a good thing. I think in few more months or weeks. If near is able to breakout of 15-15 zone. We shouldn't expect the following 18 26 32 40 52.8 I believe strongly that Near protocol will go 200-500% profit from now even through the Fundamentals . This is not a financial advice. Please do your own research before investing your money. If you want to be part of our Crypto signal and analysis group.
by bunmi5229
2